BRENT finish the trading week near the area of $ 39.80 per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 37.25. Then, a rebound and continued growth of oil to the area above the level of $ 62.55 per barrel. BRENT crude oil…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2925 area. The pair continues to move within the fall. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3105. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the level of 1.2015.…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 78.21 Rubles per US Dollar. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week October 5 — 9, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.35. Where can we expect a rebound and the beginning of a fall in…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7156 area. The pair continues to move within the correction after a strong fall. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines again, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7215. Then, the rebound and the continuation of the fall in…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3308. The pair continues to move within the framework of growth and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3105 area. Then, the continued growth of quotations…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.34. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 103.65 area. Then, a rebound and continued growth of the pair to the area above the level of…
GOLD is completing the trading week near the 1902 area. XAU/USD quotes continue to move within the fall and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1765 area. Further, the GOLD price will continue to rise with a potential target above the level of 2205. GOLD Price Forecast and Analysis October 5…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6627 area. Moving averages indicate a bullish trend for the pair. Prices are testing the areas between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6705. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9199. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. The prices once again pushed away from the area between the signal lines, which indicates strong pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce prices again and test the support area near the level of 0.8990. Further, a rebound and an attempt to continue the growth of the pair with…
Bitcoin BTC/USD ends the trading week at 10690 and continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 8605. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of…